Consortium to lease toll road for 99 years
Source: By Jeffrey Leib, Denver Post, 06/01/2007
A team of companies from Portugal and Brazil has agreed to lease the financially distressed Northwest Parkway toll road for 99 years in a deal valued at $603 million.
The transaction buys out the roughly $503 million in bond debt carried by the toll highway and includes an additional $60 million that the companies will contribute for the extension of the road to Colorado 128, near Rocky Mountain Metropolitan Airport (formerly Jefferson County Airport), said parkway executive director Steve Hogan.